Artefact London to begin accepting cryptocurrencies

Artefact London has become the first bespoke tailor in the world to accept Bitcoin, LiteCoin, and Ethereum crypto currencies as payment.

Founder and entrepreneur Tatyana Kozhevnikova said: “I made a decision that as long as crypto currency carries value that can be legitimately converted into GBP and EUR, Artefact London will accept it as a method of payment.”

Kozhevnikova, who was a finalist in the FORBES 30 Under 30 Class of 2018 Arts & Culture Europe, decided to accept crypto currencies at the end of last year after a discussion with a South African client. He explained that more Africans were using Bitcoin and other crypto currencies as payment

Artefact London will be testing crypto currencies as a payment option and anticipate it to be an alternative that might be particularly attractive to customers outside the UK. Kozhevnikova added: “People told me I am crazy. To which I say the idea of a single currency Euro seemed crazy to some people not long ago too. If there are customers that might find it convenient to use a ‘wallet’ to pay instead of a Visa Card – I don’t see why not give that option.”

Artefact London was founded in 2016 and is based at 75 Bond Street. The business combines modern technology such as laser-cutting and electronic storage of patterns with traditional tailoring craftsmanship. Shirt prices start at £160 and two-piece suits at £850.